U.K. House Builders Need to Ponder Armageddon

By

Mike Weir

Sep 8, 2011 9:01 am GMT

We thought you’d be interested in an update on the U.K. housing market, which has for ages been in the doldrums. So here’s an extract from an article that originally appeared on Dow Jones Investment Banker.

Bloomberg

When Tim Morgan began researching his latest critique of the British economy, he light-heartedly gave it the working title “Project Armageddon.”

The title stuck. Mr. Morgan, an economist for broker Tullet-Prebon, believes British politicians may be unable to avert another, bigger economic downturn.

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